Question: Suppose you start saving today for a down payment that you plan to make on a house $65,000 in 7 years. Assume that you make

Suppose you start saving today for a down payment that you plan to make on a house $65,000 in 7 years. Assume that you make no deposits into the account after the initial deposit. For the account described below, how much would you have to deposit now to reach your $65,000 goal in 7 years. An account with daily compounding and an APR of 8%.

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